Rezoning of green land to pass through Tianshuiwei to build 4829 units

28Hse Editor  2021-06-26  #New Properties

Consortium: Make best use of land to ease housing shortage

There is a shortage of land supply in Hong Kong, and many developers have taken the opportunity to "relax" their land and release the land potential. It has also become one of the solutions to the short-to-medium-term "land shortage". The Town Planning Board received an application for land use rezoning yesterday. The consortium applied for the development of a large-scale private residence on a green belt in the north of Tin Shui Wai. It plans to build 13 buildings and provide 4,829 units. The number is close to one-third of Kingswood Villas ( 15,880 units). The project plans to provide small and medium-sized units with a residential floor area of approximately 2.2 million square feet, with an average unit area of approximately 457 square feet.

reporter Yan Lunle

According to documents from the Town Planning Board, it received a revised plan from Tin Shui Wai District yesterday. The site is located opposite to Tin Chak Village, Tin Shui Wai, covering an area of approximately 555,853 square feet. The current land use is "Green Belt" and "Open Space (1)". The applicant proposes to rezone to "Residential Category A (1) and (2)" Etc. The plot ratio of residential floor area is 4 times, involving about 2.2073 million square feet of residential floor area. Another 0.156 times is used for non-residential purposes, including a 2-storey clubhouse and a small number of shops, with a floor area of approximately 86,100 square feet.

Most of the project land has been leveled

According to the proposal submitted by the consortium, the project will build 13 residential buildings, of which 9 are 30 to 31 stories high and 4 are 5-story villas. The total number of units is 4,829 units, which is expected to accommodate 13,521 people. There will be a covered transportation interchange at the base of the project's first and second blocks, and a basement parking lot, providing 703 parking spaces, and a private leisure area of approximately 145,500 square feet.

The applicant stated that most of the land in the project has been levelled. In view of the housing shortage in Hong Kong, the application is considered to be in line with the government's policy of using land to increase housing supply.

The application documents indicate that the application site is close to the new town of Tin Shui Wai. As early as 2011, the Planning Department proposed the "Study on Improving Lau Fau Shan Township and Neighboring Areas" and it has been designated for housing purposes. The recent changes in planning and development in the vicinity of the project, including the proposed construction of 4,000 public housing units on Tian Hua Road in Lau Fau Shan, and the comprehensive land complex west of Tian Ying Road are also regarded by the government as suitable locations for public housing development, which reflect today’s The application site adjacent to the new town of Tin Shui Wai has the potential for high-density residential development.

Adopt a stepped development with environmental protection

In addition, the applicant stated that the project will help balance the proportion of public and private housing, and will adopt stepped building heights, and will also have mitigation measures such as building backwards and sound-absorbing windows to alleviate the impact of air and noise. Development parameters The scale and height of buildings are also compatible with the surrounding environment, and will bring planning gains and design advantages in urban design, air circulation and landscape.

In fact, the government launched a two-stage "green belt" review in 2014, which proved that green areas that have been leveled, abandoned or have no vegetation.As well as the "green belts" located at the edges of urban areas and new development areas, buffering and conservation values are low, which have the potential for further housing development.

In recent years, there have been many examples of greening land being converted into residential development. For example, the Dawoping Yanping Road land acquired by Shimao in 2015 for 7.02 billion yuan was originally a green belt. The Tsing Yi Xishan Road land (Ming Qiaohui), which was acquired by Garmin in 2016 for 939 million yuan, was priced in October 2019 and will be completed next year. The original predecessor was also a "green belt" and was later rezoned for residential development by the government.

There is a precedent for the ``relaxation'' of green land

In recent months, there have also been applications for different forms of green land rezoning in the market for residential development. Among them, the former site of Liuyuan, east of the Tuen Mun Town Plaza, is now used as a "green belt" and other uses. Earlier this year, it applied to the Town Planning Board for the construction of 308 units. In recent months, the Town Planning Board also approved the construction of 11 residential buildings on the Yellow Fish Beach site in Ting Kok, Tai Po, which was lent by Wheelock. The buildings are also located on the "green belt". It is expected to provide 1,236 units of transitional housing for a period of five years.

Disclaimer: All wordings and pictures which indicated 28HSE editor are the copyright of 28HSE LIMITED. Acknowledgement is required if other parts of this publication are used. The content is for reference only, does not constitute investment advice and it does not mean that 28HSE agreed the points. The area which show in the article is salable area if there is no special circumstances. The pictures is for reference also.

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